veri blog

Accra, January 15, 2026  – Ghana’s central bank is moving decisively to reinforce the country’s currency after an unprecedented year of gains. The Bank of Ghana (BoG) has announced plans to inject up to $1 billion  into the foreign exchange market in January 2026 to stabilize the cedi  following its remarkable 40.7% appreciation  against the US dollar in 2025. The intervention – the largest in recent memory – aims to dampen volatility  and sustain the cedi’s historic gains  a

Three years ago, Ghana was the cautionary tale of African finance. After years of heavy borrowing and external shocks, the country defaulted on its international debt in 2022 and scrambled into a $3 billion IMF programme in 2023. Eurobond coupons went unpaid, inflation blew out, the cedi plunged and confidence evaporated. Fast-forward to late 2025 and the headlines look very different. Ghana has: Completed the restructuring of its Eurobonds (around $13 billion) in October 202

When Ghana’s finance minister, Cassiel Ato Forson, stood up to present the 2026 budget, one line cut through the usual noise of deficits and debt targets: after 25 years, the government would abolish the 15% VAT on mineral exploration and reconnaissance . For most Ghanaians, it sounded technical. For the mining industry, it was seismic. For a quarter of a century, companies prospecting for gold and other minerals have paid VAT on high-risk, upfront spending – drilling, assayi